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It's official: Social Security benefits will receive a 2.5% cost-of-living adjustment (COLA) in 2025, the smallest percent increase in payments since 2021. That means the average retired worker ...
For instance, assuming the 2025 COLA is 2.6%, the median retired worker in New Jersey can expect an additional $54.60 in monthly benefits next year (i.e., $2,100 multiplied by 2.6%).
On Oct. 10, following the release of the final puzzle piece needed to calculate Social Security's 2025 COLA (the September inflation report), the SSA announced that beneficiaries would see their ...
The Social Security COLA calculation uses data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) released by the Bureau of Labor Statistics at a specific point in ...
With two months of data still pending, current estimates suggest a 2.57% COLA increase for 2025, which would add about $50 per month to benefits, according to the Detroit Free Press.
The only three years since 1975 where deflation occurred and no COLA was passed along were 2010, 2011, and 2016, and the smallest positive COLA on record (0.3%) took place in 2017.
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